Welcome to Music Business Worldwide’s weekly recap we make sure you got the top five stories of the past seven days in our headlines. MBW Roundup is backed by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their tour costs.
This week, the world’s largest music publisher, Sony / ATV, announced that it was renaming itself to Sony Music Publishing, the first time in over 20 years that it was going to use the latter name again.
After announcing deals with Sony Music in November and Warner Music Group in December, TikTok announced on Monday (February 8th) that it had entered into an “expanded” global license agreement with Universal Music Group.
Elsewhere, MBW learned that Richard Rowe, co-founder of Round Hill Music, had left the US-headquartered company after 10 years.
Troy Carter also serves on SoundCloud’s board of directors and will serve as strategic advisor to the company’s chief executive officer, Michael Weissman.
Universal Music Group has partnered with Big Hit Entertainment and YG Entertainment to invest in a global live streaming platform.
1) SONY MUSIC PUBLISHING returns with a “modern vision” – via a new brand from SONY / ATV
The world’s largest music publisher is no longer called Sony / ATV. It is now Sony Music Publishing.
With the new brand of Pubco, headquartered in the USA, the name Sony Music Publishing returns for the first time in over two decades and is given a new logo.
The move is 25 years since Sony / ATV was founded through a joint venture with Michael Jackson.
Alexander Shatov2) TIKTOK AND UNIVERSAL MUSIC GROUP SIGN GLOBAL LICENSING DEAL
TikTok has now signed new worldwide license agreements with all three major record labels.
Following the announcement of deals with Sony Music in November and Warner Music Group in December, ByteDance’s video app announced on Monday (February 8th) that it had entered into an “expanded” global license agreement with Universal Music Group.
Coincidentally, the time of the announcement comes just days after UMG obtained its catalog from TikTok’s biggest rival, Triller.
3) Richard Rowe, Co-Founder of Round Hill, is leaving after 10 years
Richard Rowe, the respected music publishing veteran, is leaving Round Hill Music, MBW has learned.
Josh Gruss, CEO of Rowe, confirmed Rowe’s departure from Round Hill: “Richard Rowe was the third person to join Round Hill in Round Hill’s infancy in 2010, and his ten-year contribution has been very important to the company. We will miss him and wish him the best of luck in his future endeavors. “
Rowe is said to be on his way to becoming another major company in the music industry.
4) TROY CARTER JOINS THE SOUNDCLOUD BOARD
SoundCloud has added music industry executive Troy Carter to its board of directors.
Carter will serve as strategic advisor to SoundCloud’s chief executive officer, Michael Weissman, and the company’s board of directors on all topics in the music industry, including new business models, artist development and artist services.
Carter will continue to separately lead Q&A, its music and technology company.
5) BIG HIT UNIVERSAL TEAMS AND YG ENTERTAINMENT TO INVEST IN GLOBAL LIVE STREAMING PLATFORM
Universal Music Group is partnering with two K-pop titans – Big Hit Entertainment and YG Entertainment – to invest in a new digital live streaming platform with ambitions “on a global scale”.
Big Hit announced that both YG and UMG have acquired a stake in KBYK Live, a joint venture established between Big Hit and Kiswe last year.
KBYK Live then launched VenewLive, a platform for live streaming content, in September.
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